Published on 3/6/2009 in the Prospect News Agency Daily.
New Issue: FHLB sells $2 billion one-year bonds at Federal Funds rate plus 68 bps
By Susanna Moon
Chicago, March 6 - Federal Home Loan Banks said it priced $2 billion of bonds due March 11, 2010 at par to yield Federal Funds rate plus 68 basis points.
Interest is payable quarterly.
J.P. Morgan Securities Inc. is the underwriter.
| Issuer: | Federal Home Loan Banks
|
| Issue: | Bonds
|
| Amount: | $2 billion
|
| Maturity: | March 11, 2010
|
| Underwriter: | J.P. Morgan Securities Inc.
|
| Coupon: | Federal Funds rate plus 68 basis points, payable quarterly
|
| Price: | Par
|
| Yield: | Federal Funds rate plus 68 bps
|
| Pricing date: | March 6
|
| Settlement date: | March 11
|
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